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The RPF later handed over the man, identified as Mahendra Singh Rao (33), a native of Udaipur in Rajasthan, to the railway police at Mangaluru central, a release from the RPF said here.
The railway police recorded his arrest charging cases under the provisions of the code of criminal procedure and the Karnataka Police Act.
The man was held during a preventive check on the Duronto express by the RPF personnel. They examined the luggage of the man who was travelling on S4 coach and found the currency bundles wrapped in old newspapers.
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The seized currency notes in Rs 2,000 and Rs 500 denomination accounted for Rs 1,48,58,000, while the gold ornaments weighed around 800 gm worth Rs 40 lakh, the release said.